Have you ever tried to generate your credit score for the first time? There are chances that when you tried to generate your credit score for the first time, you did not have any credit history at all.

Here, we will explain to you how you can have a credit score if you don’t have any credit history.

credit score

credit score


Credit scores for every individual are calculated on the basis of their entire credit history and loan repayment habits. The credit score of an individual may fluctuate depending on whether they’re repaying their debts on time, the amount of credit card debt they have and whether they make sure that all the payments to the bank and the credit card company are made on time.

Why is having a credit score important?

Your credit score is the ultimate indicator of your credit and/or financial health. If you have a good credit score to your name, it means that you have a great money borrowing and repaying habit. A great credit score also makes you more eligible to get a credit card of your choice or get a loan whenever you need it.

Obtaining new credit in the form of loans or credit cards depends on your existing credit score. If you have a low credit score, a bank or a credit card company will be reluctant to hook you up with their money. However, this is not the case with a good credit score. Moreover, a good credit score also helps you procure a low-interest rate on loans compared to other people. This low-interest rate may depend from loan to loan and bank to bank.

Reasons why you may not have a credit score (yet)

However, if you’re a newbie to the world of credit cards and scores, you might not have a credit score yet. There are several other reasons why you may not have a credit score. Let us explore some of them.

  • You are new to UAE

  • You haven’t applied for credit before

If you are new to the world of credit, you may not have a credit score yet. It takes some time before you can get a credit score for yourself. Since these credit scores depend on your borrowing and repayment habits and abilities, this history takes some experience and specific credit instances to build up. If you haven’t borrowed money yet, there is a high chance you won’t have a credit score.

  • You do not have any traditional credit accounts

If you don’t have experience with borrowing from a proper bank or credit card company before, you might not have a credit score yet. Your repayment abilities depend on whether you have taken credit in the past. It also depends on the way you have handled that credit. All these factors are used to make up your credit history and hence, your credit score.

  • You haven’t used credit in the last couple of years

If you already have a credit account and don’t have a credit score, there is a high chance that you haven’t used that credit account for over 24 months. Credit accounts are mainly used for recurring and regular expenses, and hence, it is important for you to keep using the card for it to remain active. If your card isn’t used for more than 24 months, you might be devoid of a credit score. All you have to do to get your credit score back is to make a couple of transactions with the credit card.

  • How do you establish a credit score for the first time?

If you’re looking to make your entrance and get a credit card for yourself, it might be a smart idea not to rush into it. Here are some of the best ways to enter the credit world without taking the risk of owning your very own credit card.

  • Apply for a Secured Credit card against Fixed Deposit

  • Opt for a spouse credit card

You can opt for a credit card with a person who has a strong credit history. The ideal option here is to bring in your spouse for this option or parents if you’re a student.

  • Become an authorized user on someone’s credit card

If your parent, spouse, or any other relative wishes to do so, you can become an authorized user of their credit card. In this way, the person can add your name to their credit card account and you will be given a separate credit card that’s linked to the same account.


Hence, these are some of the reasons why you may not have a credit score yet. But worry not! Follow some of our aforementioned tips to make a dramatic entrance into the world of credit and build a good foundation for your credit score.